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JA Solar - Investors - News Release
JA Solar Announces Third Quarter 2013 Results
SHANGHAI, China, Nov. 26, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced its unaudited financial results for its third quarter ended September 30, 2013.
Third Quarter 2013 Highlights
Shipments were 500.2 MW, consisting of 305.0 MW of modules and module tolling, and 195.2 MW of cells and cell tolling, above the high end of the Company's previous guidance of 470 MW and an increase of 7.9% from the second quarter of 2013
Net revenue was RMB 1.8 billion ($287.3 million), compared to RMB 1.6 billion ($258.9 million) in the second quarter of 2013
Gross margin was 11.3%, compared to gross margin of 8.1% in the second quarter of 2013
Operating loss was RMB 31.6 million ($5.2 million), compared to operating loss of RMB 33.3 million ($5.4 million) in the second quarter of 2013
Net loss, which included a non-cash change in fair value of warrant derivatives of RMB 138.3 million ($22.6 million), was RMB 227.0 million ($37.1 million), compared to net loss of RMB 132.4 million ($21.6 million) in the second quarter of 2013
Loss per diluted ADS was RMB 6.77 ($1.11), compared to loss per diluted ADS of RMB 3.58 ($0.59) in the second quarter of 2013
Cash, cash equivalents and restricted cash at the end of the quarter were RMB 2.5 billion ($401.1 million), compared to RMB 2.2 billion ($355.8 million) at the end of the second quarter of 2013
Operating cash flow was positive RMB 623.4 million ($101.9 million), compared to positive RMB 503.5 million ($82.3 million) in the second quarter of 2013
Non-GAAP net loss1 attributable to the Company's ordinary shareholders in the third quarter of 2013 was RMB 90.2 million ($14.7 million), compared to a non-GAAP net loss attributable to the Company's ordinary shareholders of RMB 138.8 million ($22.7 million) in the second quarter of 2013
Non-GAAP loss per diluted ADS was RMB 2.24 ($0.37), compared to Non-GAAP loss per diluted ADS of RMB 3.58 ($0.59) in the second quarter of 2013
JA Solar Announces Third Quarter 2013 Results
SHANGHAI, China, Nov. 26, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced its unaudited financial results for its third quarter ended September 30, 2013.
Third Quarter 2013 Highlights
Shipments were 500.2 MW, consisting of 305.0 MW of modules and module tolling, and 195.2 MW of cells and cell tolling, above the high end of the Company's previous guidance of 470 MW and an increase of 7.9% from the second quarter of 2013
Net revenue was RMB 1.8 billion ($287.3 million), compared to RMB 1.6 billion ($258.9 million) in the second quarter of 2013
Gross margin was 11.3%, compared to gross margin of 8.1% in the second quarter of 2013
Operating loss was RMB 31.6 million ($5.2 million), compared to operating loss of RMB 33.3 million ($5.4 million) in the second quarter of 2013
Net loss, which included a non-cash change in fair value of warrant derivatives of RMB 138.3 million ($22.6 million), was RMB 227.0 million ($37.1 million), compared to net loss of RMB 132.4 million ($21.6 million) in the second quarter of 2013
Loss per diluted ADS was RMB 6.77 ($1.11), compared to loss per diluted ADS of RMB 3.58 ($0.59) in the second quarter of 2013
Cash, cash equivalents and restricted cash at the end of the quarter were RMB 2.5 billion ($401.1 million), compared to RMB 2.2 billion ($355.8 million) at the end of the second quarter of 2013
Operating cash flow was positive RMB 623.4 million ($101.9 million), compared to positive RMB 503.5 million ($82.3 million) in the second quarter of 2013
Non-GAAP net loss1 attributable to the Company's ordinary shareholders in the third quarter of 2013 was RMB 90.2 million ($14.7 million), compared to a non-GAAP net loss attributable to the Company's ordinary shareholders of RMB 138.8 million ($22.7 million) in the second quarter of 2013
Non-GAAP loss per diluted ADS was RMB 2.24 ($0.37), compared to Non-GAAP loss per diluted ADS of RMB 3.58 ($0.59) in the second quarter of 2013